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Yes, you would include your portion only on Schedule D as a secondary home since it was not a primary residence for you. She also needs to do the same even if she were able to get the exclusion since the sale was reported on the 1099-S.
Click on Federal Taxes (Personal using Home and Business)
• Click on Wages and Income (Personal Income using Home and Business)
• Click on I'll choose what I work on (if shown)
• Under Investment Income
• On Stocks, Mutual Funds, Bonds, Other, click the start or update button
Yes, you would include your portion only on Schedule D as a secondary home since it was not a primary residence for you. She also needs to do the same even if she were able to get the exclusion since the sale was reported on the 1099-S.
Click on Federal Taxes (Personal using Home and Business)
• Click on Wages and Income (Personal Income using Home and Business)
• Click on I'll choose what I work on (if shown)
• Under Investment Income
• On Stocks, Mutual Funds, Bonds, Other, click the start or update button
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